Olathe Kansas Real Estate Market Stats – August 2012 Update

Checking The Pulse Of The Kansas City Real Estate Market

Olathe Kansas Real Estate Update
Recent Real Estate Activity In Olathe KS

Using the past 15 days of real estate sales activity in Olathe Kansas to calculate the city’s absorption rate, we find there’s 4.2 months of inventory currently on the market. This amount of inventory is considered a seller’s real estate market in the city of Olathe. As we’re seeing with nearly every city in Johnson County Kansas, the city of Olathe has the lowest amount of inventory we’ve seen in many years.

Type # Average $ Avg DOM
Listings Past 15 Days 141 $228,353
Total Active Listings 703
Newest Contracts Written 107 $217,572 89
Sold (closed) Past 15 Days 84 $225,288 123

* The Average $ of Newest Contracts Written considers the list price when the homes went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in a category can skew results. Stats cover approximately 15 days from post date. DOM = Days On Market.

The average sales price the past 15 days was just over $225,000 and the average priced new listing came on the market at just over $228,000. Can we assist you with any Olathe Kansas real estate? If you’re considering purchasing or selling a home in the Olathe area, my real estate group can provide you expert guidance through the real estate  process. Get more details here regarding selling an Olathe Kansas home or buying an Olathe Kansas home. If you have specific questions, please contact us for assistance.

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Posted by Jason Brown

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Olathe Kansas Real Estate Market Update – April 2012

Checking The Pulse Of The Kansas City Real Estate Market

Real Estate Statistics On Olathe Kansas
15 Day Glance At The Olathe KS Real Estate Market

After calculating the absorption rate over the past 15 days in Olathe Kansas, we find the city has 5.3 months of inventory currently on the market. This amount of inventory is considered a balanced real estate market. The average sales price the past 15 days in Olathe was $192,527 and the average new listing to hit the market was priced at $244,922.

Type # Average $ Avg DOM
Listings Past 15 Days 155 $244,922
Total Active Listings 729
Newest Contracts Written 120 $208,004 129
Newest Sold (Closed) 69 $192,527 119

* The Average $ of Newest Contracts Written considers the list price when the homes went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in a category can skew results. Stats cover approximately 15 days from post date. DOM = Days On Market.

The last 69 homes sold in Olathe Kansas took an average of 119 days to do so and 120 homes went under contract in the past 15 days alone. If you are making plans to buy or sell a home in the Olathe Kansas area, we look forward to guiding you through the process. Here’s information on how we can assist you with selling your Olathe area home or with buying an Olathe area home. Please contact us with any questions you may have about real estate in Olathe KS.

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Posted by Jason Brown

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Olathe Kansas Real Estate Market Update – March 2012

Checking The Pulse Of The Kansas City Real Estate Market

Real Estate Statistics On Olathe Kansas
15 Day Glance At The Olathe KS Real Estate Market

After calculating the absorption rate over the past 15 days in Olathe Kansas, we find the city has 7.25 months of inventory currently on the market. This amount of inventory indicates a buyer’s market in the Olathe Kansas area. But take a look at the high volume (134) of homes that went under contract during the same 15 day period. If we recalculate the absorption rate in Olathe using that figure (making the assumption that all of them will close), there’s 2.7 months of inventory on the market in Olathe. That’s an incredible trend for Olathe home sellers, who no doubt will be hoping those homes make it to closing.

Type # Average $ Avg DOM
Listings Past 15 Days 152 $232,523
Total Active Listings 725
Newest Contracts Written 134 $208,678 101
Newest Sold (Closed) 50 $196,669 151

* The Average $ of Newest Contracts Written considers the list price when the homes went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in a category can skew results. Stats cover approximately 15 days from post date. DOM = Days On Market.

The last 50 homes sold (closed) in Olathe took an average of 151 days to sell, while the last 134 homes to go under contract did so in a much quicker 101 days. If you’re making plans to buy or sell a home in Olathe Kansas, we can guide you through the process. Here’s information on how we can assist you with selling your Olathe KS home or with buying an Olathe KS home. Please contact my real estate group with any questions you may have about buying or selling a home in Olathe Kansas or the surrounding area.

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Posted by Jason Brown

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Olathe Kansas Real Estate Update – April 2011

Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for The City of Olathe Kansas
Recent
15 Days of Olathe KS Market Activity

After calculating the absorption rate over the past 15 days in Olathe Kansas, we find the city has 7.1 months of inventory currently on the market. This amount of inventory is not far from being considered a stable real estate market and that’s a promising sign for Olathe home sellers. The 64 homes that sold took 6 months to do so but the 99 homes that went under contract during the same 15-day period, did so in just 4 months.

Type

#

Average $

Avg DOM

Listings Past 15 Days

160 $237,180

Total Active Listings

914

Newest Contracts Written

99 $206,747 120

Newest Sold (Closed)

64 $187,411 187

* The Average $ of Newest Contracts considers the price the homes were listed at when they went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in any category can skew results. Stats may not be an exact 15 days from date of this post. DOM = Days On Market.

The average sales price is a concern as the average new listing was listed around $237,000, while the average sales price in Olathe over the same period was closer to $187,000. 5 to 7 months of inventory is considered a stable real estate market, so if the amount of inventory falls – due to fewer distressed listings on the market or due to a greater volume of home sales – home prices in Olathe could really stabilize.  If you are considering buying or selling a home in Olathe, it’s important that you hire a tech savvy real estate agent. Contact my group and we’ll provide you expert listing expertise when selling and expert buyer’s agent guidance when purchasing an Olathe area home. 

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Posted by Jason A. Brown

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Is Your Overland Park Realtor Using Quick Response Barcodes On Their Marketing To Get Your Home Sold?

Checking The Pulse Of The Kansas City Real Estate Market

With more than 4, 5… 10 months of inventory on the market in some of our local areas, it’s important that sellers are choosing agents who understand and make use of today’s technological advancements. 87% of home buyers are currently finding their homes online, before they ever step foot in the door. So your home better be in all the places buyers are looking for homes — and be memorable once they find it.

Some of the best buyers are the ones who have narrowed down the area they want to live and are spending time driving through a particular neighborhood. When that happens, does your agent provide home brochures at the yard sign? Probably 3/4 of the listings I see do NOT have brochures. That amazes me. Print advertising such as newspapers are dying out, but one type of print marketing that is still a very effective means for marketing a home are the brochures a listing agent puts at the yard sign. When buyers drive by our listings, we provide color brochures on glossy, water-resistant paper. We want to be sure they take something valuable with them to help them remember your home by later. We also want them to be able to get more home details and more photos than can be put on a brochure.

If we can get a home buyer to go and view your home online, we know that they’ll benefit from the mapping features online, get to view a virtual tour of your home, ask any questions and schedule a showing on your home. So how do we get buyers to our listings online? We were one of the first Overland Park Realtors back around 2005 to provide each of our listings their own domain to take potential home buyers straight to the listing online — rather than having to navigate through our home page or featured listings to get to the client’s listing. We still advertise a unique web listing domain for each of our listings. For example, here’s the domain for an Overland Park home we listed this week… http://16044.JBPRealtyGroup.com.

We’ve more recently piggy backed on these web domains through the use of Quick Response (QR) Barcodes on our brochures. This allows potential buyers to use their smart phones to snap a photo (with the camera in their phones) and a bar code application on their phones will take them straight to that home’s listing online – without ever typing anything! Most new phones come with a scanner app already included. If you have an older Blackberry, iPhone or Android a couple of good FREE applications are ScanLife and NeoReader.  The most important thing you can do when listing your home is hiring an Overland Park real estate agent who is on the cutting edge when it comes to marketing their real estate listings.


Posted by Jason A. Brown

Olathe KS Real Estate Update – November 2009

Hands On The Heartland
Checking The Pulse Of The Kansas City Real Estate Market

City of Olathe Kansas Real Estate Update
Past 15 Days of Olathe KS Real Estate Stats
Type
#
Average $
Avg DOM
Listings Past 15 Days
108 $220,805
Total Active Listings
878
Newest Contracts Written
73 $188,957 89
Newest Sold (Closed)
97 $207,032 120

* The Average $ of Newest Contracts considers the price the homes were listed at when they went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in any category can skew results. Stats may not be an exact 15 days from date of this post. DOM = Days On Market.

Using these past 15 days of market stats to figure the absorption rate in Olathe Kansas, there’s currently 4.5 months of inventory on the market. 97 closed homes isn’t too bad when compared to the 108 homes that came on the market. Having 73 homes go under contract is a little low though and indicates it will take a while to eat the large amount (878) of existing home inventory in Olathe KS.

Looking at 15 days of market stats is a small snap shot of local Olathe Kansas real estate activity and market conditions also vary greatly from one Olathe subdivision to another. So don’t take just a glancing look at  local market activity. Instead, feel free to request detailed Active, Pending, Sold and Expired market stats on your subdivision of interest.

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Posted by Jason A. Brown

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